Quote

Investment philosophy is the clear understanding that by owning shares of stocks he owns businesses, not pieces of paper.

Warren Buffett

Change background

T
T
T

Change font

TAGS & TOPICS

Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Share
Shares
Clear
Owns
Understanding
Stocks
Businesses
Investment
Paper
Pieces
Philosophy
Owning

More quotes by Warren Buffett

Image
Well, it may be all right in practice, but it will never work in theory
Warren Buffett
Image
You ought to be able to explain why you’re taking the job you’re taking, why you’re making the investment you’re making, or whatever it may be. And if it can’t stand applying pencil to paper, you’d better think it through some more. And if you can’t write an intelligent answer to those questions, don’t do it.
Warren Buffett
Image
A very rich person should leave his kids enough to do anything, but not enough to do nothing.
Warren Buffett
Image
You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing. I've never borrowed a significant amount of money in my life. Never. Never will. I've got no interest in it.
Warren Buffett
Image
The great personal fortunes in the country weren't built on a portfolio of fifty companies. They were built by someone who identified one wonderful business. With each investment you make, you should have the courage and the conviction to place at least 10% of your net worth in that stock.
Warren Buffett
Image
I asked him what he wanted to do for his career, and he replied that he wanted to go into a particular field, but thought he should work for McKinsey for a few years first to add to his resume. To me that's like saving sex for your old age. It makes no sense.
Warren Buffett
Image
I always invest in companies an idiot could run, because one day one will.
Warren Buffett
Image
When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
Warren Buffett
Image
I read annual reports of the company I'm looking at and I read the annual reports of the competitors - that is the main source of material.
Warren Buffett
Image
It will be good for us in the long run, and I mean there are, you know, six and a half billion people in this world. And it's great for 300 million to keep enjoying more and more property, but I think it's terrific if, you know, the remainder do.
Warren Buffett
Image
Things you like to do should be a hobby of yours, but things the world does should be a business of yours.
Warren Buffett
Image
Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.
Warren Buffett
Image
I have a house that I bought 55 years ago. It's warm in the winter it's cool in the summer. It has everything I wanted, plus it has all kinds of good memories. Like my kids, I have good thoughts about that. I can't imagine living any better.
Warren Buffett
Image
I would say that life at 84, I am having as much fun as I've ever had in my life. I mean I get to do what I love every day with the people I love-and it just doesn't get any better than that.
Warren Buffett
Image
The reaction of weak management to weak operations is often weak accounting.
Warren Buffett
Image
The Happiest people DO NOT necessarily have the BEST THINGS. They simply APPRECIATE the things they have.
Warren Buffett
Image
I find that the standard of living does not go up in proportion with the cost of living. The trick in life is to do things that are fun all the time.
Warren Buffett
Image
If principles can become dated, they're not principles.
Warren Buffett
Image
My father was the best person i've ever known.
Warren Buffett
Image
The Stock Market is designed to transfer money from the Active to the Patient.
Warren Buffett